Maker Studios (YouTube Network) Buys Video Maker Blip
According to AllthingsD Maker Studios, one of the biggest YouTube networks, is buying Blip, a video maker and distributor.
Maker Studios will pay for Blip with stock and cash, adds AllthingsD. The Online video industry is also growing in Latin America.
Maker has raised $44 million to date, including a $36 million round led by Time Warner last year. Blip had raised a reported $24 million since 2006.
This agreement gives Maker a home outside of YouTube for its content. Maker commands billions of views a month, and represents YouTube stars like Felix “PewDiePie” Kjellberg.
In addition to a destination outside of YouTube, the acquisition will give Maker a proprietary video player it can put to use. Just as important, it will help the company bolster its sales efforts, as long as Blip’s sales team stays on board.
AllthingsD also says that Blip´s CEO Kelly Day is leaving the company.